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2013-06-19 6:43 PM

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Subject: Trisports filing for Chapter 11


2013-06-19 10:26 PM
in reply to: booth22

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Subject: RE: Trisports filing for Chapter 11
Link: http://www.xtri.com/features/detail/284-itemId.511715838.html

From the article, it appears that Bank of the West is the primary loser in all of this and may have brought it upon themselves. And, yes, I know there's more than one side to every story.

"Operations at TriSports.com will continue without interruption throughout the term of the reorganization. Vendors will be paid for all goods furnished and services rendered subsequent to the bankruptcy filing, and transactions that occur in the ordinary course of business will continue as before. In fact, the Court requires us to timely pay all vendors for goods and services purchased after the June 14th, 2013 filing date in order to complete our reorganization."
2013-06-21 11:18 AM
in reply to: booth22

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Subject: RE: Trisports filing for Chapter 11
I guess they took a chance at the Tempe store, but didn't work out. Sorry to see this happen.
2013-06-23 11:50 AM
in reply to: tomspharmacy

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Subject: RE: Trisports filing for Chapter 11
Originally posted by tomspharmacy

I guess they took a chance at the Tempe store, but didn't work out. Sorry to see this happen.


I doubt the Tempe store played a big role in this. They clearly have some bigger business issues that they can hopefully resolve through bankruptcy.

First place I would question is their huge facility in Tucson with fancy "green" technology. Big expenses/investments like that are hard to overcome if you're not pulling in significant revenue.
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US State Forums Arizona » Trisports filing for Chapter 11 Rss Feed  
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